Post Utme Eksu 2024 Accounting Question 7

Practice objective / multiple choice question 7 from the 2024 Post Utme Eksu Accounting examination.

Post Utme Eksu 2024 Accounting Objective / Multiple Choice
Question 7 POST_UTME_EKSU • 2024 • ACCOUNTING • objective

A company's cash book shows a balance of ₦50,000 in the cash account. However, the bank statement shows a balance of ₦60,000. What is the correct bank reconciliation statement?

Answer Options

Correct Answer A. ₦10,000 credit to Bank and ₦10,000 debit to Cash
B. ₦10,000 debit to Bank and ₦10,000 credit to Cash
C. ₦10,000 credit to Bank and ₦10,000 credit to Cash
D. ₦10,000 debit to Bank and ₦10,000 debit to Cash
Correct Answer
A
Correct Option:
₦10,000 credit to Bank and ₦10,000 debit to Cash

About This Question

This is Post Utme Eksu 2024 Accounting Question 7. It is one of the objective questions from the 2024 Post Utme Eksu Accounting examination.

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